A recent financial study shows that even Americans at the top of the income ladder aren’t immune to financial stress. Among those making more than $300,000 a year, roughly 62% admitted they are still dealing with credit card debt. Many said they routinely carry a balance instead of clearing it each month.
Analysts say the trend stems from several factors, including rising living expenses, lifestyle inflation, and easy access to credit. These findings suggest that a high salary doesn’t automatically translate to financial stability — or shield people from the same debt challenges faced by average earners.
The report reinforces the idea that financial strain often grows alongside income. The old saying “more money, more problems” seems to hold true, as larger paychecks can bring bigger expenses — and, in many cases, more debt.
